£117,166
This estimated value is based upon the latest sale price for the house of £73,000 on 6 Dec 2013. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £73,000 | 6 Dec 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 25 sq meters or 269 sq feet |
This model uses changes in the Official Land Registry House Price Index for SOUTHEND-ON-SEA to estimate the market value.
When this house was purchased in December 2013 the House Price Index for SOUTHEND-ON-SEA was 92.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.502%.Applying this 60.502% change to the original purchase price of £73,000 results in an estimated price of approximately £117,166.
| 6 Dec 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 148.6 | 60.502 % | £73,000 | £44,166 | £117,166 |
The Postcode Pricing Model uses changes in average sales price within the SS2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 87.598 % | £63,946 | £136,946 |
| 3 Month Average | 54.561 % | £39,829 | £112,829 |
| 6 Month Average | 61.102 % | £44,604 | £117,604 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £196,437 | £193,000 | 6 TYRREL DRIVE |
| 6 Jul 2023 | £101,364 | £100,000 | 7 MALVERN COLEMAN STREET |
| 22 Jun 2023 | £142,729 | £141,000 | 30 SUTTON ROAD |
| 22 Jun 2023 | £151,839 | £150,000 | 30A SUTTON ROAD |
| 20 Apr 2023 | £235,536 | £233,000 | 31 COLEMAN STREET |
This house has a floor area of 25 sq meters or 269 sq feet when measured on 1 Feb 2013. Using an estimated price of £117,166 means this house is valued at £4,686 per sq meter (£435 per sq foot).
The average size of a house on SUTTON ROAD is 74 sq meters (807 sq feet).